Brief: Mosaic Brands Exercised Option To Purchase Remaining 49.9% Of EziBuy
01/10/2021 01:23
Oct 1 (Reuters) - Mosaic Brands Ltd MOZ.AX :
* EXERCISED ITS OPTION TO PURCHASE REMAINING 49.9% OF ONLINE
FASHION RETAILER EZIBUY
* DEAL WILL ALMOST DOUBLE GROUP ONLINE REVENUE TO A$218
MILLION
ANNUALLY
* EXCLUDING EZIBUY, GROUP SALES FOR LAST FY CONTRIBUTED 19%
OF
REVENUE, COMBINED THIS WILL GROW TO ABOUT 30% OF TOTAL GROUP
REVENUE
* COMPLETION PAYMENT OF A$11 MILLION DEFERRED TO JUNE 30
2022
Source text for Eikon: ID:nASX69TSSd
Further company coverage: MOZ.AX
((Reuters.Briefs@thomsonreuters.com;))
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